✨The pair $BTC/USD1 on Binance just experienced a flash crash, with the price dropping sharply to $24,000 in just a few seconds and quickly rebounding above $87,000. The incident did not affect major pairs such as $BTC/USDT, but clearly exposed liquidity risks in new trading pairs.
✨The main cause came from thin liquidity during the holiday and an arbitrage wave related to stablecoins $USD1 , as supply increased rapidly by 45.6 million tokens, with a market capitalization exceeding $2.79B.
✨Key point for new members: low liquidity pairs can experience extreme slippage, while BTC/USDT has a market depth of >600 million USD, so a similar scenario is unlikely.
🛑 THIS POST IS NOT INVESTMENT ADVICE, MEMBERS SHOULD CONSIDER AND ALWAYS STAY CALM IN THE MARKET. 😘